Camry Cox

i love osu

[Camry Cox @Shickodocavoo]

@BerlinSoul @BGlo17 @EdwardTWinz The post is about the current market. One of them bought in 2021 which would have been a great opportunity. However at the same job with appreciation and new interest rate/insurance cost they wouldn’t be able to afford the same home now just 5 years later.

[Camry Cox @Shickodocavoo]

@BarstoolTenn To be fair that was a terrible angle for the safety to take

[Camry Cox @Shickodocavoo]

@BGlo17 @EdwardTWinz I have way more equity that i can actually access through stocks than my coworkers making the same exact salary. Their interest is higher than my rent and they pay more in insurance and utilities than principal even at 7-8 years into a mortgage.

[Camry Cox @Shickodocavoo]

@Zeeslaw @BudgetGoku @TheMisterTurtle Im assuming over 30 years. Because thats what a typical mortgage is.

[Camry Cox @Shickodocavoo]

@Zeeslaw @BudgetGoku @TheMisterTurtle What im saying is data from a majority of markets in the US, primarily national medians, and average market return in the market. You’re using 16yo arguments like “in theory renters cover costs” “cope” and “rentoid”.

[Camry Cox @Shickodocavoo]

@Zeeslaw @BudgetGoku @TheMisterTurtle Acting like every landlord purchased their investment property in 2026 and is immediately renting it for a profit is retarded. Rent has gone up slower than property taxes and insurance individually in the last decade. Rent has went up slower than mortgages. Math is cool.

[Camry Cox @Shickodocavoo]

@Zeeslaw @BudgetGoku @TheMisterTurtle Paying rent for a $400 profit for someone’s 2008 $500 mortgage is better than paying the bank $1500, insurance and taxes anotjer $500. Investing the difference in every mathmatical model yields more equity and you dont have to be homeless to access it. Stop being a boomer.

[Camry Cox @Shickodocavoo]

@tomorr53 @KushPatil_ Thats by design?

[Camry Cox @Shickodocavoo]

@JoeGreiner44 @ThinkAppraiser Average person stays in the same house for 11 years

[Camry Cox @Shickodocavoo]

@BudgetGoku @TheMisterTurtle Homeowners insurance has gone up 50% in the last 6 years. also pay 30% more in property taxes. Its not like you actually own the house.

[Camry Cox @Shickodocavoo]

@tomorr53 @KushPatil_ My coworkers utility bill on their 400k house is more than what they put into their principal monthly and its year 3 for them with (i think 6% interest). I’m renting and invest triple
-quad what she does. I have far more accessible equity and equity than her.

[Camry Cox @Shickodocavoo]

@stevenjmorello @amelia_tweetz If you sell the house you still have to live somewhere, and its not like everything else didnt appreciate too.

[Camry Cox @Shickodocavoo]

@Bigtoe88 @MogulBayNW And thats a red herring. landlords who have held a property longterm making a profit off of renters does not mean that renters are not better off financially renting and investing the difference long term. These are not mutually exclusive.

[Camry Cox @Shickodocavoo]

@Bigtoe88 @MogulBayNW Like I said previously, many landlords rent at a “loss” after all costs considered, especially in the beginning-Meaning while they may be gaining equity they arent cash flowing. Even on a paid off property a bad tenant can put you behind most of the year.

[Camry Cox @Shickodocavoo]

@MogulBayNW @Bigtoe88 Exactly. In 30 years would you rather not have a mortgage to pay, or would you rather have that money + more cash flowed through something you don’t have to put any extra work into. Some people like the piece of mind. Most people dont stay in a 30 year mortgage.

[Camry Cox @Shickodocavoo]

@Bigtoe88 They dont have to. But market value for rent is significantly below new ownership for well over a decade. After that market return historically beats out the difference. Thats the whole point of the post.

[Camry Cox @Shickodocavoo]

@Bigtoe88 However this number jumps up to 30-40% considering total homeownership costs. Not to mention that house “equity” is useless unless you own multiple homes or are selling it to go into a nursing home.

[Camry Cox @Shickodocavoo]

@Bigtoe88 No. the average starting landlord rents for a loss. The market would not and does not support you to rent at a higher cost of ownership initially. Mortgages are growing faster than rents in most US counties, and are only 7% more expensive than rent for the same sized place

[Camry Cox @Shickodocavoo]

@Bigtoe88 This explains why rent is less expensive for the same property, people can rent for less and there can still be profit margin. However historically, they’d still be better off in the market even before considering costs of owning.